ART GROUP HOLD's subsidiary has signed a lease agreement for leasing Longfor properties
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According to the Zhitong Finance APP, ART GROUP HOLD announced that the tenant (an indirect non-wholly-owned subsidiary of the company) has signed a lease agreement with the lessor, China Orient Asset Management, for the rental of Longhu Property, with a term of ten years. The board has been informed that the original owner of Longhu Property owes debts to the lessor and is in default of repayment. The lessor has obtained the ownership and title of Longhu Property through a court ruling
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